By Graeme Kennedy
Friday 21st March 2003
|Text too small?|
Bankers, a subsidiary of Henderson Global Investors which has £110 billion in funds, manages £330 million, including 5% from New Zealand where it is NZSE-listed at about $6 down from a 2000 peak of $13.
But Mr Crooke said with a dividend yield of 3.5% in a bear market, it was one of the best-performing funds available.
"Now is an interesting time to invest overseas. A strong kiwi dollar can buy more assets and there are many opportunities emerging such as China where western companies are outsourcing their manufacturing facilities, rather than produce at home in Europe or the US, as it is much cheaper there.
"And in Europe, where expectations are so low with the economic downturn and the Iraq situation that the market has become fixated with doom and gloom, stocks are cheap but include many basically good, large and strong companies with opportunities to grow.
No comments yet
Govt support for NZME/Stuff merger difficult, not impossible, says Jarden
NZ dollar stalled; US-China trade signals remain mixed
Ryman warns NZ, Australia to take population ageing more seriously
MARKET CLOSE: NZ shares fall as US-China trade concerns weigh on markets; Ryman slips
NZ dollar stalled; US-China trade deal may be postponed
AFT Pharmaceuticals starts to hit its straps
Crown seeks US$100m from Tui operator; Prospector moving on
Pacific Edge goes back to shareholders for another $20m
Crown seeks $100m from Tui operator Tamarind
Ryman underlying annual profit may rise by up to 17%